Concentrix Corporation (CNXC)

Debt-to-assets ratio

		Nov 30, 2024	Nov 30, 2023	Nov 30, 2022	Nov 30, 2021	Nov 30, 2020
Long-term debt	US$ in thousands	—	—	—	—	—
Total assets	US$ in thousands	11,991,400	12,491,800	6,669,770	5,046,370	5,177,560
Debt-to-assets ratio		0.00	0.00	0.00	0.00	0.00

November 30, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $11,991,400K
= 0.00

Concentrix Corporation's debt-to-assets ratio has been consistently 0.00 from November 30, 2020, to November 30, 2024. This implies that the company has not utilized debt as a source of financing its assets during this period. A debt-to-assets ratio of 0.00 typically indicates that the company relies on equity financing to fund its operations and investments, suggesting a lower financial risk and strong financial position. It also suggests that the company may have sufficient cash flows or profits to fund its operations without resorting to debt. However, it is important to note that a low or zero debt-to-assets ratio may also limit growth opportunities or the ability to take advantage of leverage for potential expansion or investment initiatives.